Is Inheritance Tax-Free in 2022?
By Tony J. Tyre, Esq.
Unknown to many of us, the government does not take money from a person’s estate most of the time. In fact, estates will usually pay little-to-no money to the government through taxes, unless there are debts owed to governmental agencies such as Medi-Cal. The two main types of tax to[...]
What does Esquire Mean?
By William C. Mason III Of Counsel
Upon completing their education, students in various disciplines such as physics, mathematics, or the social sciences obtain a Doctor of Philosophy (Ph.D.), medical students obtain a Doctor of Medicine (M.D.), and law school students obtain Juris Doctor (J.D.). Yet, while the degrees obtained by Ph.D. recipients, physicians, and attorneys all[...]
Personal Asset Trust: An Extra Layer Of Protection by: Allyson S. Heller
Most living trust beneficiaries receive their inheritance “outright,” meaning it is distributed from the trust directly to them, so that they effectively own the inherited assets. Unfortunately, by “owning” their inheritance, your beneficiaries are then needlessly exposed to the claims of spouses in divorce, creditors, lawsuits, the loss of government[...]
Executor and Trustee Fees in California
Whether your loved one dies testate (with a will) or intestate (without a will), his or her estate will be subject to the California probate process—the roughly twelve-to-sixteen-month process whereby a court oversees distribution of an estate to its beneficiaries. The personal representative of an estate (the “executor”) is entitled[...]
Two Years Later: COVID-19 & Estate Planning By Allyson S. Heller
Over two years after the “Stay at Home” order went into effect, with Omicron, many people still feel overwhelmed and helpless, which is why now, more than ever, it is important to ensure that you and your loved ones are adequately equipped to handle whatever challenges may arise. Although having[...]
Simplified Probate Proceedings In California
By Allyson S. Heller
https://www.youtube.com/watch?v=9rg_E9Se1ao When a person dies in California with real or personal property held outside of a trust, then the decedent’s assets must be administered under the court’s supervision through a process known as“probate.” Probate proceedings can cost tens of thousands of dollars in statutory fees and administrative costs[...]
